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Friday Fuel-Up: $4.40s Now, $4.00 Soon

Experts say big drop in gasoline prices is coming

The average price of a gallon of self-serve regular gasoline in the Inland Empire fell 3 cents today to $4.542, the largest drop in 11 consecutive days of declines. 

Prices in and around Palm Desert have been seen in the low to mid $4.40s.

The average price in Riverside and San Bernardino counties has dropped
14.6 cents over the past 11 days, including 2.7 cents on Thursday, after rising
52.4 cents over the previous six days to a record high of $4.688, according to
figures from the AAA and Oil Price Information Service.

The average price is 12.1 cents less than one week ago, but 42.4 cents
more than one month ago and 68.7 cents higher than one year ago.

"Oil industry analysts reported significant drops in the wholesale
market on Wednesday which, if they hold, should bring prices well below $4 a
gallon,'' Jeffrey Spring of the Automobile Club of Southern California said.
"The only question is how quickly that will happen.''

For the lowest reported prices in Palm Desert, click the 'Commute' page under our  'More Stuff' tab at the top of the page.

VoiceInThe Desert October 20, 2012 at 03:19 PM
Gas prices down? I blame the President! Wait - we ONLY blame him when something goes wrong, right?
Ern Batavia October 21, 2012 at 04:03 PM
Anything over $2.50 is pretty much 0bamao's fault in the mind of anyone capable of thought.
EZDuzit October 21, 2012 at 04:28 PM
The state of California has the most stringent regulations for clean air control in the country which is why more taxes are added to our gasoline (which makes them so high). That doesn't happen in other states. Blame the AQMD, environmentalists and politicians who continually give tax breaks to oil companies and won't pass laws that force them to adhere to fairer business practices.. Obama has nothing to do with that, as anyone capable of thought can figure out.
SteveB October 23, 2012 at 12:20 AM
So Obama was responsible for the highest average US price on record .. during the Bush administration? http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24 (click on 5 year link to see ... over $4/gal gas under Bush.

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